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barclaycard to delay rate hikes for borrowers

Published: 08/02/2009

Sunday Express (Financial) – 8th February 2009

 

Credit Card holders with unmanageable debts have had good news from Barclaycard with news of plans to put a temporary freeze on interest levels.

 

Andrew Hagger of Moneynet.co.uk said: ‘Since rate cuts on credit cards have been rare over the last few months, and in some cases rates have increased, you could argue that providers now have some room for manoeuvre, considering base rate has fallen by 3.5 per cent in the last four months.’

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